Lyn Calder, a managing partner of Anderson Anderson & Brown LLP (AAB), has called on the government to implement a series of wide-reaching measures aimed at helping businesses to survive the disruption caused by the COVID-19 pandemic. Lyn Calder, who is also the firm’s head of deals f
Partners at the UK's biggest accountancy firms will have their payouts slashed by hundreds of thousands of pounds this year as the sector prepares to face a huge crash in revenues amid stemming from the coronavirus outbreak. Yesterday, partners at BDO agreed to cut partner pay by up to 25% in a bid
A temporary payments freeze on loans and credit cards for up to three months are amongst a package of targeted temporary measures confirmed by the Financial Conduct Authority (FCA) today to help people negatively affected by the coronavirus pandemic. Following a short consultation, the FCA will
Scottish businesses are threatening the Scottish Government with court action in order to claim grants they believe they are entitled to, as firms face financial difficulty amid the coronavirus crisis.
The first major survey of Scottish businesses since the coronavirus outbreak has revealed that 85% of firms expect growth in the Scottish economy to be weak or very weak in the next 12 months, marking an increase of 53% in the previous quarter.
The Pensions and Lifetime Savings Association (PLSA) is reminding pension schemes to be watchful of how the companies in which invest respond to the COVID-19 pandemic and be prepared to hold directors to account as decisions now may impact their long-term investment prospects. PLSA has said tha
Whilst Scottish surveyors were upbeat about the outlook for the housing market before last month, it is now clear that the current lockdown situation will have a significant impact for the rest of the year, according to the March 2020 Residential Market Survey from the Royal Institution of Char
A £5 million package of emergency financial support has been announced by the Scottish Government in order to help students facing hardship as a result of the coronavirus outbreak. Extra cash will be made available to any university and college students now struggling as a result of COVID-19,
TSB has launched a new Smart Agent function on its website to give customers immediate access to the measures the Bank has introduced during the coronavirus pandemic, including how to apply for a repayment holiday on mortgages, personal loans and business loans. Customers now have the ability to ask
Results from the second British Chambers of Commerce (BCC) Coronavirus Business Impact Tracker have revealed that most businesses have not yet successfully accessed the government’s Coronavirus Business Interruption Loan Scheme (CBILS) and the grants for small businesses.
Scottish Building Society (SBS) has partnered with Alzheimer Scotland’s free 24-hour hotline to help those living with dementia and their families. Staff at SBS, the world’s oldest building society, are supporting the charity’s volunteers by providing specialist advice on questions